Related news
Witness: Foreclosure firm owner gave gifts for altering documents
http://www.msnbc.msn.com/id/39725688
Bank of America’s Countrywide Accused of Racketeering in Homeowners’ Suit
http://www.myfloridalegal.com/newsrel.nsf/newsreleases/8736F08B4E588F61852577C0005F668B
Rules for Radicals 101: Overwhelm the system.
They not only overwhelmed it, they did it so well that the descent of America is practically a nosedive at terminal velocity.
Nothing to see here. Move along. Dead Beats Fault!
And a Denninger rightly points out today, conservatives and the Tea Party are crazy and negligent not to be hammering on this fraudulent activity that has so damaged the economy.
http://market-ticker.org/akcs-www?post=169769
I’m kind of intrigued by the “Cure Defective Mortgage” for $12.95.
I think B of A was pretty much forced to take over Countrywide.
Same for other banks that took over the failing loan originators.
But at the time, I also believe B of A thought they were going to make out very well.
I am in real estate, and back during the liar loan days, Countrywide was the worst of the worst, along with Wamu.
Therefore it is not surprising that the facts now dribble out, and we learn B of A got stuck with a mess with Countrywide.
The “put back” lawsuits beginning now are bad news for B of A.
When Judges start seriously looking at foreclosure documents, and all they get shown are these DOCX fabrications and no original note - then America’s mortgage-holding banks will take a colossal hit.
There is no way back for the banks, except to try and arrange some more bailout slavery. But the new Congress isn’t going to allow that (I hope).
Why are these banker crooks not put in jail? Politicians and prosecutors must have been bought off. Investigate!
It is time for those here on FR with blinders on who keep screaming about ‘the people got into this themselves’ to wake up and smell the feces in the banking industry feedlots.
Anyone who ever had a mortgage loan from these guys has been ripped off. Any of you who do not believe this, do your own due diligence and learn about the origins of our fiat currency. You borrow $200,000 from the bank, the Fed printing presses crank out another $200,000 on your signature. Etc.
Granted there are some bums trying to get out of their debt, but if they want to not pay the debt, just give up the house.
Only ones deserving of sympathy would be the few rare cases of current people who got foreclosed on. I think there are handfuls of those across the country. The rest have no merit to get free houses.